eBay Inc (EBAY) Position Lowered by Olstein Capital Management L.P.
Olstein Capital Management L.P. lessened its stake in shares of eBay Inc (NASDAQ:EBAY) by 29.3% during the 1st quarter, Holdings Channel reports. The firm owned 191,000 shares of the e-commerce company’s stock after selling 79,200 shares during the quarter. Olstein Capital Management L.P.’s holdings in eBay were worth $7,094,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of eBay by 34.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 270,862 shares of the e-commerce company’s stock valued at $7,603,000 after acquiring an additional 69,226 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of eBay in the 4th quarter valued at $42,000. Semmax Financial Advisors Inc. purchased a new stake in shares of eBay in the 4th quarter valued at $124,000. Norges Bank purchased a new stake in shares of eBay in the 4th quarter valued at $244,327,000. Finally, Pinkerton Retirement Specialists LLC boosted its holdings in shares of eBay by 6.2% in the 4th quarter. Pinkerton Retirement Specialists LLC now owns 24,564 shares of the e-commerce company’s stock valued at $690,000 after acquiring an additional 1,442 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.
NASDAQ:EBAY opened at $36.62 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.48. The firm has a market cap of $31.87 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 1.82 and a beta of 1.34. eBay Inc has a fifty-two week low of $26.01 and a fifty-two week high of $40.86.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Saturday, June 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio is presently 24.14%.
EBAY has been the topic of several recent research reports. DA Davidson upped their price objective on shares of eBay to $44.00 and gave the company a “buy” rating in a report on Monday, March 4th. Barclays upped their price objective on shares of eBay from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. TheStreet raised shares of eBay from a “c+” rating to a “b-” rating in a report on Wednesday, January 30th. Benchmark reaffirmed a “buy” rating and issued a $42.00 price objective (up from $41.00) on shares of eBay in a report on Wednesday, January 30th. Finally, BMO Capital Markets upped their price objective on shares of eBay to $44.00 and gave the company an “outperform” rating in a report on Thursday, January 24th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. eBay has an average rating of “Hold” and a consensus price target of $40.12.
In other eBay news, VP Brian J. Doerger sold 14,237 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $38.06, for a total transaction of $541,860.22. Following the completion of the transaction, the vice president now directly owns 37,340 shares in the company, valued at $1,421,160.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kristin A. Yetto sold 27,512 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $38.34, for a total transaction of $1,054,810.08. Following the transaction, the senior vice president now owns 98,856 shares of the company’s stock, valued at $3,790,139.04. The disclosure for this sale can be found here. Insiders have sold 177,199 shares of company stock valued at $6,778,517 over the last 90 days. 6.22% of the stock is currently owned by company insiders.
eBay Company Profile
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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